Finders fee write off?
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Finders fee write off? (by gevans [SC]) Jan 16, 2019 2:43 PM
       Finders fee write off? (by LindaJ [NY]) Jan 16, 2019 4:20 PM
       Finders fee write off? (by razorback_tim [AR]) Jan 16, 2019 5:19 PM
       Finders fee write off? (by S i d [MO]) Jan 16, 2019 5:38 PM
       Finders fee write off? (by BRAD 20,000 [IN]) Jan 16, 2019 7:00 PM
       Finders fee write off? (by don [PA]) Jan 18, 2019 1:56 PM
       Finders fee write off? (by Ray-N-Pa [PA]) Jan 19, 2019 3:55 PM

Finders fee write off? (by gevans [SC]) Posted on: Jan 16, 2019 2:43 PM
Message:

Is it legit to write off a $500 finder's fee to the previous tenant?

Yes, that is much more than my typical $100 finders fee, but well worth it.

--173.233.xxx.xxx



Finders fee write off? (by LindaJ [NY]) Posted on: Jan 16, 2019 4:20 PM
Message:

If you paid it out (have a copy of the check) then it is a business expense. --108.4.xxx.xx



Finders fee write off? (by razorback_tim [AR]) Posted on: Jan 16, 2019 5:19 PM
Message:

I would either charge it to advertising or book it as a refund of rent received. --40.141.xxx.xx



Finders fee write off? (by S i d [MO]) Posted on: Jan 16, 2019 5:38 PM
Message:

I would expense it as an Advertising Promotion. You may have to document WHY you went $500 vs. $100 so it's clear to the IRS--if you ever get audited--that you weren't getting a kickback or something else weird.

Time of year is extremely slow, few showings, tenant willing to pay higher than usual rent that offsets the "bonus".... something like that. --173.20.xxx.xxx



Finders fee write off? (by BRAD 20,000 [IN]) Posted on: Jan 16, 2019 7:00 PM
Message:

gevans,

Advertising.

BRAD --73.102.xxx.xxx



Finders fee write off? (by don [PA]) Posted on: Jan 18, 2019 1:56 PM
Message:

Is it legal to pay a "finder's fee" in your state. In Penna., you cannot pay a commission to someone who does not have a real estate license, and that is what a "finder's fee" is, a commission. --70.90.xx.xxx



Finders fee write off? (by Ray-N-Pa [PA]) Posted on: Jan 19, 2019 3:55 PM
Message:

I pay $50 for referrals to a different rental

$100 if it is the tenants rental

and $500 if the resident ends up buying the place.

Vacancy is the real expense that most landlords don't see.

--72.23.xxx.xx



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